Prologis's 15min chart triggers KDJ Golden Cross, bullish marubozu trend.

Prologis's 15-minute chart has recently exhibited a significant technical indicator, the KDJ Golden Cross, which occurred on June 24, 2022 at 12:45 PM. This bullish development suggests a shift in momentum towards the upside, potentially leading to further price increases. As buyers continue to exert control over the market, the likelihood of sustained bullish momentum is high.

Prologis (FBBPF) stock recently exhibited a significant technical indicator, the KDJ Golden Cross, on June 24, 2022, at 12:45 PM. This bullish development suggests a shift in momentum towards the upside, potentially leading to further price increases. As buyers continue to exert control over the market, the likelihood of sustained bullish momentum is high.

The KDJ Golden Cross is a technical indicator that signals a bullish crossover when the K-line crosses above the D-line on the KDJ indicator. This event is often seen as a strong buy signal, indicating that the market is likely to move higher in the short term. In Prologis' case, this crossover suggests that the stock has strong buying pressure and a positive outlook.

Barclays has recently raised its price target for Prologis to MXN 81, up from MXN 78, while maintaining an Overweight rating. This adjustment is part of a broader review of Mexican real estate companies, despite macroeconomic challenges. The firm highlights the continued attractiveness of valuations within the industry, indicating potential investment opportunities [2].

In the latest earnings report, Prologis achieved a record net effective rent change of 65%, demonstrating effective rent management. Occupancy rates remained strong at above 98%, with tenant retention just under 94%, exceeding internal projections. The company maintained a strong financial position with a BBB+ rating, reflecting disciplined capital management and sound fundamentals [2].

However, there are some challenges to consider. Trade uncertainty, particularly due to US tariffs, poses potential risks to demand for products manufactured in Mexico. New leasing activity decreased to 7.04 million square feet, below the 2024 average of 10.6 million square feet, driven by a slowdown in demand in border markets. Vacancy rates increased by 50 basis points to 4.1%, although still below the long-term average of 7.3% [2].

Despite these challenges, Prologis' recent performance and the KDJ Golden Cross suggest that the stock has strong upside potential. Investors should keep an eye on Prologis' progress and the broader market conditions to make informed decisions.

References:
[1] https://www.dailychhattisgarh.com/news/doordash-stock-dash-surges-over-4-as-bulish-momentum-continues/10832/
[2] https://www.gurufocus.com/news/2939698/fibra-prologis-fbbpf-target-price-raised-by-barclays-amid-market-challenges-fbbpf-stock-news